Subject Action definition
Examples of Subject Action in a sentence
Borrower shall be entitled to rely on any written representation by Agent that the unanimous consent, authorization, or agreement of all Lenders has been obtained with respect to any Subject Action.
Limited Guarantor shall pay any Guaranteed Obligations within five (5) Business Days of receipt from the Administrative Agent of a written notice (a “Notice of Loss”) of the occurrence of a Subject Action and Loss.
Limited Guarantor hereby, unconditionally and irrevocably, guarantees to the Secured Parties and their successors, endorsees, transferees and assigns the prompt and complete payment and performance of the Guaranteed Obligations, and hereby agrees that it shall be fully liable for, and shall indemnify and hold the Secured Parties harmless from and against, all Losses arising as a result of a Subject Action.
Limited Guarantor shall have no liability to the Secured Parties under this Limited Guaranty absent the occurrence of a Subject Action.
Limited Guarantor shall have no liability to the Secured Parties with respect to the Guaranteed Obligations set forth in clause (ii) of the definition thereof or to indemnify the Secured Parties against Losses arising as a result of a Subject Action absent the occurrence of a Subject Action.
Limited Guarantor shall pay any Guaranteed Obligations within five (5) Business Days of receipt from the Administrative Agent of a written notice (a “Notice of Loss”) of the occurrence of a Subject Action and Loss or the demand therefor, as applicable.
The parties agree that the court in the Subject Action shall continue to have jurisdiction to enforce the terms of this agreement pursuant to California Code of Civil Procedure § 664.6 and the parties request the Court to retain jurisdiction over this action and these parties for said purpose.
Plaintiff represents, covenants, and warrants: (1) that he has not assigned, transferred, encumbered or otherwise impaired his rights to settle his claims released by this Agreement; (2) that he has engaged no other attorneys to represent him in the Subject Action and that no other attorneys are entitled to liens or attorney’s fees on any recovery in the Subject Action; and (3) that he will pay or resolve all known medical and dental liens.
Limited Guarantor hereby, unconditionally and irrevocably, guarantees for the ratable benefit of the Secured Parties and their successors, endorsees, transferees and assigns the prompt and complete payment and performance of the Guaranteed Obligations, and hereby agrees that it shall be fully liable for, and shall indemnify and hold the Secured Parties harmless from and against, all Losses arising as a result of a Subject Action.
The Settling Parties who are owners of Adjacent Properties agree to disclose the resolution of the Subject Action and the releases herein to any future buyer of an Adjacent Property.